A tax ID number is used to assess taxes on a business. Using a federal tax ID is one way to separate your business from your personal finances, which protects your personal assets from a business lawsuit. Another good reason to get Tax ID Number is because many of your customers, especially if they are other companies, institutions, or government entities, will ask your tax ID number.
It is very easy to get Tax ID Number. You can obtain your federal tax id number by completing tax ID form. There are various ways to get tax ID number or EIN. You can apply for tax ID number online, by telephone, by fax, or by mail depending on how soon you need to use tax ID number. The online application is a recent and welcome simplification of the EIN process. It is quick and easy to apply for a Tax ID number for your business online.